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Musicmystery -> RE: Verizon To Lay Off 1,700 Workers After Paying CEO $22 Million Last Year (6/10/2012 2:05:19 PM)
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quote:
So why the far left hissy fit
The market is taking care of the issue
What "hissy fit?"
You claimed Verizon was leading the market. I pointed out the market was beating up Verizon. Over here in Far Leftist Land we call that reality. We base that reality on something we call "data."
It's going to hurt them too. I was wondering about upgrading to a smart phone, for example, but the surprise data charges convinced me to wait (I can't see paying $100/month for phone service, then more when I actually use that service). I can understand their dilemma (if not their solution); many companies grow too quickly into new areas and become victims of their own success (remember People's Express?). Looks like that's happened here. But that they are laying off so many workers indicates they don't have a long term solution. When you cut people, all you do is pay for the competition's training, as that's where they go to work. It is, however, a typical short term cost-cutting measure to salvage a quarter or two. But you can't cut your way to prosperity, and apparently, Verizon has no plan to implement. Better believe their competition is seeing that and working to fill the void before Verizon recovers and figures out something.
In Far Leftist Land, we call that "business."
Knee-jerk reactions to rush in and defend any labor cuts, private or public, without bothering to look at the facts of the matter, we call "today's conservatives."
Peter Drucker said it best, decades ago--Labor is a resource, not a cost.
If Verizon is reducing input resources, they are reducing production, as they're unable to attain more market share (increased productivity would dictate increasing production with the same labor otherwise).
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